SThree (STEM)

Sector:

Support

Index:

FTSE 250

340.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 442.50p
  • 52 Week Low: 332.50p
  • Currency: UK Pounds
  • Shares Issued: 135.57m
  • Volume: 379,679
  • Market Cap: £460.94m
  • RiskGrade: 1,320
  • Beta: 0.90

SThree sees continued "soft" conditions as full-year net fees fall

By Benjamin Chiou

Date: Thursday 14 Dec 2023

LONDON (ShareCast) - (Sharecast News) - STEM-focused recruitment firm SThree said it expects a continuation of "soft" trading conditions in the new financial year after a 4% drop in group net fees in the 12 months to 30 November.
In a pre-close trading update ahead of its annual report in January, the company said group fees totalled £418.8m over the year, down from £430.6m previously, as annual growth in the first quarter was followed by declines in the subsequent three quarters.

The company blamed a "challenging global macro-economic backdrop" as well as a record performance last year.

SThree, which continues to shift its business towards contract work over permanent placements, said contract net fees were up 1% year-on-year and now represent 82% of group net fees, up from 78% at the end of last year.

However, permanent net fees were down 22% year-on-year with tough trading conditions seen across all regions, the company said. It also cut headcount in the permanent division by 17% over the year.

"Following a record prior year, the Group has delivered a consistently robust performance within a challenging macro-economic environment," said chief executive Timo Lehne.

"As we enter the start of the new financial year, we haven't yet seen an easing of the macro-economic environment, which continues to drive soft trading conditions."

The stock was down 1% at 412.97p in early deals on Thursday.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SThree Market Data

Currency UK Pounds
Share Price 340.00p
Change Today 3.00p
% Change 0.89 %
52 Week High 442.50p
52 Week Low 332.50p
Volume 379,679
Shares Issued 135.57m
Market Cap £460.94m
Beta 0.90
RiskGrade 1,320

SThree Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
42.53% below the market average42.53% below the market average42.53% below the market average42.53% below the market average42.53% below the market average
48% below the sector average48% below the sector average48% below the sector average48% below the sector average48% below the sector average
Income Not Available
Growth
14.89% above the market average14.89% above the market average14.89% above the market average14.89% above the market average14.89% above the market average
20.43% above the sector average20.43% above the sector average20.43% above the sector average20.43% above the sector average20.43% above the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 6
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SThree Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Nov-24 09-May-24
Paid 06-Dec-24 07-Jun-24
Amount 5.10p 11.60p

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 774 @ 340.00p
16:35 65,638 @ 340.00p
16:35 1,996 @ 340.00p
16:35 764 @ 340.00p
16:35 213 @ 340.00p

SThree Key Personnel

CFO Andrew Beach
CEO Timo Lehne

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